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REGISTERED NUMBER: 13390061 (England and Wales)















HOMERIGHT KENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






HOMERIGHT KENT LIMITED (REGISTERED NUMBER: 13390061)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HOMERIGHT KENT LIMITED

COMPANY INFORMATION
For The Year Ended 31 May 2023







DIRECTOR: A I Fryer





REGISTERED OFFICE: Autoright Fairthorne Yard
Pembury Walks
Tonbridge
Kent
TN11 0QE





REGISTERED NUMBER: 13390061 (England and Wales)





ACCOUNTANTS: Hilden Park Accountants Limited
Hilden Park House
79 Tonbridge Road
Hildenborough
Tonbridge
Kent
TN11 9BH

HOMERIGHT KENT LIMITED (REGISTERED NUMBER: 13390061)

ABRIDGED BALANCE SHEET
31 May 2023

31/5/23 31/5/22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 706,625 706,625

CURRENT ASSETS
Cash at bank 4,317 4,137

CREDITORS
Amounts falling due within one year 212,435 222,335
NET CURRENT LIABILITIES (208,118 ) (218,198 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

498,507

488,427

CREDITORS
Amounts falling due after more than one
year

487,737

487,670
NET ASSETS 10,770 757

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10,670 657
10,770 757

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HOMERIGHT KENT LIMITED (REGISTERED NUMBER: 13390061)

ABRIDGED BALANCE SHEET - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 February 2024 and were signed by:





A I Fryer - Director


HOMERIGHT KENT LIMITED (REGISTERED NUMBER: 13390061)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2023


1. STATUTORY INFORMATION

Homeright Kent Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents rental income receivable from investment property disclosed in the financial statements.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value in recognised in profit or loss.

Investment properties are properties held to earn rental and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

HOMERIGHT KENT LIMITED (REGISTERED NUMBER: 13390061)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 706,625
NET BOOK VALUE
At 31 May 2023 706,625
At 31 May 2022 706,625